fiat denominated price is NOT "value"
Discussion
What about Bitcoin denominated value?
ahem
THERE ARE NO BITCOIN DENOMINATED CHARTS
Here you go:
(XMR/USD)÷(BTC/USD)
is obviously USD denominated
there are no BTC denominated charts on a USD UoA
dont feel bad nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 doesn't understand UoA either
Sir do you know how to divide?
your chart is a graph of the function in my above note.
USD denominated.
cope harder.
Holy shit, man
those prices are *denominated* in USD
and unfortunately dividing them doesn't change that fact,
it gives the ratio of the USD prices.
there are no Bitcoin denominated charts under a fiat UoA.
What is XMR/BTC denominated in?
What about people who use BTC as a UoA?
dividing a USD price of an item
by the USD price of Bitcoin
does NOT change the UoA (fucking obviously!)
the UoA is *what prices are set in*
Why do you cope tag me all the time? Just enjoy being poor, you got nothing to prove king 👑
because smart Bitconers should understand Unit of Account.
and its absurd you double down on the retarded "the UoA can be anything" viewpoint
Enjoy being poor?
Early bitcoiners used Bitcoin for ideological reasons. Not to get rich. You're pathetic.
Conversely "shitcoiners" don't like Bitcoin because they feel there are other horses to hitch their wagons to to get rich. And it's fair to point out to that person that they're gambling and probably going to lose money.
I see monero as more of a resurgence of the original vibes of Bitcoin. And unfortunately those that use it are more ideologically bitcoiners than the ETF, KYC, Michael Saylor crowd.
I really like what this does to my brian.
NGU maxis feel the opposite way 😕
I have seen you make this point before and it shows just how difficult it is to see outside of the dollar. This is a poignant insight.
Cheers mate 🙂
Do you see some usefulness in saying so many monero is equal to so many Bitcoin and leave dollars out of it. That as a community of users we just agree on a forever monero to bitcoin peg and wrap our brains around creating an economy in that paradigm. Just spit ballin.
I don't think it has to be anything except a voluntary exchange rate for whatever the asset is.
But basically yeah
the best (only?) way to bootstrap of new UoA is to just start disintermediating the old one with p2p exchange.
small communities trading vfv amongst themselves at first
bitcoin for beef has become the classic example.
more of that.
XMR vs BTC would also be disrupted on a Bitcoin or as a thinking exercise Monero UoA standard.
Maxis can not comprehend (yet) that SoV and MoE are minor achievements over unit of account.
If UoA changes, the whole value system changes. People will totally look at all things differently.
SoV (easy to achieve) and MoE (much harder to achieve) are mere prerequisites for a unit of account.